Yup, I have both of mine graphing using 2 ports per router - 1 for WAN, 1 for management/stats. I didn't check, but you might be able to do it with the one cable, i.e just the WAN.
I did check the Billion forum and they still seem to be listing the old version, unless it has been (hopefully) silently changed in the background. I was curious and left an unpatched, half bridged, but null routed in a separate routing domain, 8800NL, with the default password..... just over 5 hours later it had had it's DNS servers changed......